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Thu 20 Jun 2019 22:07GMT

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BoE’s Dovish Shift Weighs on Sterling (GBP) Published: 20 Jun at 4 PM
Pound (GBP) Falls as BoE Leaves Interest Rates Unchanged On Thursday afternoon, the Pound slumped against a handful of currencies following the release of the Bank of England’s (BoE) interest rate decision. The bank left interest rates unchanged at 0.75%. However, the bank’s meeting minutes dampened sentiment in Sterling as it...
Pound (GBP) Rises as Boris Johnson Receives Majority Confidence in Tory Vote Published: 13 Jun at 4 PM
Pound Sterling (GBP) The Pound rose today after Tory MPs voted on their future leader, with Boris Johnson, the former Foreign Secretary and hard-Brexiter, securing the majority of 114 votes. This has caused some relief for Sterling investors as the political deadlock has eventually shifted, although with Boris Johnson’s staunch stance...
Sterling (GBP) Slides on Disappointing GDP Published: 10 Jun at 5 PM
Pound (GBP) Slumps as UK Manufacturing Output Falls to 17-Year Low The Pound (GBP) slumped on Monday after data revealed the UK economy shrank by -0.4% in April, and in the three months to April, GDP rose by 0.3%. Added to this data showed that the UK’s car manufacturing sector fell by 24% thanks to Brexit car factory shutdowns,...
Euro (EUR) Remains Steady as ECB Holds Interest Rate at 0% Published: 6 Jun at 5 PM
Pound Sterling (GBP) The Pound remained steady against many of its competitors today on a lack of UK economic data, while Mark Carney, the Chair of the Bank of England, failed to make any comments on monetary policy, relieving some Sterling traders as expectations were that he would take a dovish tone. Michael Gove, the Environment...
Australian Dollar (AUD) Muted as RBA Slashes Rates to Record Low Published: 4 Jun at 4 PM
Pound Sterling (GBP) Flat on Disappointing Economic Data and Brexit Anxieties The Pound (GBP) remained subdued on Tuesday following a disappointing UK construction PMI which saw the index slump to a 13 month low. The Markit construction PMI survey revealed that clients held back on major spending decisions due to Brexit uncertainty and...
Canadian Dollar (CAD) Benefits from BoC’s ‘Temporary’ Comment on Economic Slowdown Published: 30 May at 5 PM
Pound Sterling (GBP) The Pound failed to gain against many of its competitors today, despite the Chancellor Philip Hammond saying that a second referendum would effectively break the political deadlock over Brexit. However, with uncertainty surrounding both Brexit and the future leadership of the Conservative Party, Sterling has remained...
Australian Dollar (AUD) Plummets on Dovish RBA Threat to Cut Interest Rates Published: 21 May at 1 PM
Pound Sterling (GBP) The Pound fell against many of its major competitors today as Brexit uncertainty continues to haunt UK markets. This came after the Chancellor Philip Hammond warned that there are many Brexiteer MPs pushing to ‘hijack’ the referendum and push for a no-deal between the UK and the European Union. Hammond...
Pound (GBP) Slips despite UK Unemployment Falling to Fresh 44-Year Low Published: 14 May at 2 PM
Pound Sterling (GBP) Slips as UK Unemployment Hits 44-Year Low The Pound (GBP) edged lower against most major currency pairings following the release of the UK unemployment rate. Data revealed that UK unemployment had hit a 44-year low of 3.8% in March, and the rate of unemployment for women had hit an all-time low of 3.7%. However,...
Pound Sterling (GBP) Flat as Cross-Party Brexit Discussions Close to Collapse Published: 9 May at 4 PM
Pound Sterling (GBP) Flat as Cross-Party Talks Close to Collapse The Pound (GBP) remained muted against most major currencies as reports suggested that cross-party Brexit talks were close to collapse. It was suggested by ITV’s Political Editor, Robert Peston that before the Labour party launched its EU election manifesto they would...
Pound (GBP) Rises on Renewed Brexit Optimism as Local Elections Challenge Deadlock Published: 3 May at 5 PM
Pound Sterling (GBP) The Pound (GBP) rose today as the UK local elections have further force Prime Minister Theresa May to challenge the political deadlock between the two major parties, after the Conservatives lost nearly 500 seats. Sterling has also benefited from the publication of the UK Markit Services PMI figures for April today,...

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